Inside Retail

SEPTEMBER 3, 2024

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. We all know that omnichannel is a challenge to manage against the product and customer objectives of your brand or business. This means you can get the most out of each product you are selling.

Loss Prevention 245

Loss Prevention Checkout Shrinkage Supply Chain Management 245

Retail TouchPoints

AUGUST 22, 2022

Decisions about markdowns, promotions and inventory allocation were limited and made in tried and tested ways. In one example, an apparel brand observed that its customer churn was increasing and attempted to slow the decline with aggressive win-back promotions. Today, retail is more complicated, with more variables than ever before.

Markdowns 245

Markdowns Promotions Management Marketing 245

Retail TouchPoints

NOVEMBER 3, 2020

Retailers, particularly those in the apparel, footwear and soft goods verticals, have an opportunity to turn the lemons from COVID-19 into lemonade, according to Keith Jelinek and Richard Maicki, Managing Directors in the Performance Improvement Practice of Berkeley Research Group (BRG).

Drop-Shipping 200

Drop-Shipping Merchant Services Fulfillment Shipping 200

Retalon

MARCH 21, 2025

Promotional calendars: Planning key campaigns, promotions, and markdown events throughout the year to drive sales and clear seasonal inventory. For example , A specialty apparel retailer may align on a KPI such as 8% revenue growth while keeping markdowns below 15%, using the AOP as a performance framework for every team.

Markdowns 41

Markdowns Finance Promotions Planning 41

Inside Retail

AUGUST 24, 2023

While the apparel market has been challenged, this is a far worse performance than average and represents a significant erosion of market share,” he said. Better inventory management resulting in fewer markdowns and lower freight costs were helpful to the number. billion as its market share continues to erode.

Markdowns 130

Markdowns Apparel Inventory Management Marketing 130

Inside Retail

JULY 4, 2023

That’s particularly true of the athletic footwear and apparel business in a growth market like China, where there are a lot of new entrants and the early movers are beginning to seriously sweat the competition.

Markdowns 147

Markdowns Apparel Wholesale Advertising 147

Inside Retail

DECEMBER 19, 2023

According to the Pulse of the Fashion Industry report by Global Fashion Agenda & Boston Consulting Group, global apparel production is projected to rise by 63 per cent by 2030, from 62 million tonnes today to 102 million tonnes – equivalent to more than 500 billion additional T-shirts.

Fashion 130

Fashion Markdowns Apparel Fast Fashion 130

Mass Relators

JULY 26, 2022

Food inflation is double digits and affecting customers’ ability to spend on general merchandise categories and requiring more markdowns to move through the inventory, particularly apparel. is requiring more markdown dollars. said Doug McMillon, Walmart president and chief executive officer.

Markdowns 52

Markdowns Apparel Inventory Management Shipping 52

Indigo 9 Digital

FEBRUARY 28, 2023

It was easy for Forever 21 to capture the hearts and minds of young consumers looking for trendy apparel. Commenting on the growth of Shein TechCrunch wrote : “[Shein] manufactures in China as many apparel retailers do. If you can’t move all of the inventory then markdowns are required which eats into sales per sq.

Fast Fashion 98

Fast Fashion Fashion Apparel Department Stores 98

SGN Magazine

AUGUST 14, 2021

Number one at the aquarium is probably our river otter, which is a huge hit with kids,” the Store Manager said. At the Frank Buck Zoo in Gainesville, Texas, Gift Shop Manager Megan Kennedy takes a similar approach, name-dropping the zoo’s most beloved animals. It’s always huge at the gift shop, too. Winston, Ore.,

ATS 52

ATS Markdowns Apparel Management 52

Mass Relators

JUNE 21, 2021

got off to a fast start in fiscal 2021, as top- and bottom-line results for the first quarter exceeded the expectations of both management and Wall Street. GOODLETTSVILLE, Tenn. Dollar General Corp. Net income for the quarter ended April 30 increased 4.2% million, or $2.82 per diluted share, well ahead of the consensus estimate of $2.19

Payment Services 52

Payment Services Markdowns Apparel Accounting 52

Mass Relators

MARCH 27, 2023

Looking ahead to fiscal 2023, management unveiled aggressive growth plans that call for more than 1,000 new store openings. Management also confirmed its prior projection of net sales growth of 5.5% Apparel, however, decreased 19.4% . — Dollar General Corp. Sales of seasonal items were flat at $4.2

Markdowns 52

Markdowns Apparel Planning Consumer 52

Indigo 9 Digital

SEPTEMBER 1, 2022

But in 2020 Marks & Spencer opened up its website to outside apparel brands. That means if there is slow moving merchandise the retailer doesn’t have to worry about taking markdowns to sell the inventory. Bringing in more third party brands. Throughout its 137 year history Marks & Spencer has primarily sold its own brands.

Drop-Shipping 95

Drop-Shipping Markdowns Planning Grocer 95

Retalon

SEPTEMBER 11, 2020

Fashion and apparel retailers are also dealing with distribution of sizes, colors, and styles, all of which are complicated further by shifting seasonality. Often resulting in inventory distortion that lead to lost sales and costly markdowns. Traditional analytics relies too much on past sales to plan and manage inventory.

Fashion 41

Fashion Markdowns Promotions Accounting 41

Mass Relators

JUNE 1, 2023

Same-store sales included growth in the consumables category, partially offset by declines in each of the seasonal, home, and apparel categories. Dollar General’s revised full-year outlook reflects what management calls “more challenging macroeconomic headwinds.” Gross profit as a percentage of net sales was 31.6%

Markdowns 52

Markdowns Apparel Customer Experience Consumer 52

M19 Retail

MARCH 22, 2021

MIAMI, FLORIDA, March 22, 2021 – Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning is pleased to announce a strategic partnership with Planalytics, the leading provider of weather-informed demand analytics and insights.

Markdowns 40

Markdowns Inventory Management Planning Management 40

Retalon

FEBRUARY 21, 2025

Penney representative stated: JCPenneys core customer cannot afford to pay an additional 25% tax on apparel, footwear and household goods Increasing taxes on hundreds of basic clothing items and home goods will hurt all moms who dont have inexhaustible disposable income. Trade Representative to oppose these tariffs. Yes, its possible.

Markdowns 41

Markdowns Planning Inventory Management Drop-Shipping 41

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns. Decide at which level the budget will be set.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

MAY 10, 2024

One way that OTB funds can be managed is by categories, such as women’s wear in the apparel department. If you plan to mark down products at a certain stage of the product lifecycle, such as the last trimester of the season, you need to adjust the numbers to account for markdowns. Decide at which level the budget will be set.

Planning 41

Planning Markdowns Merchant Services Payment Services 41

Retalon

JULY 15, 2019

Not only do overstock situations force retailers to markdown inventory at the end of a season at slim-to-no profit margins, but it also takes up physical space in stores warehouses, accruing carrying costs, and ties up extra cash that could be used towards advancing business goals. How much safety stock is ideal? Know the ROI before you buy!

Markdowns 32

Markdowns Promotions Inventory Management Planning 32

Retalon

OCTOBER 18, 2013

One of them is they try to manage inventory inside, sometimes they use a term, turning all my stores into one large distribution center rather than buying or catching a next purchase order from the vendor. And how does the technology fit in? Another thing that retailers are trying to do today is to monitor inventory in different locations.

Markdowns 32

Markdowns Promotions Planning Accounting 32

Retalon

SEPTEMBER 1, 2020

Fixing the problem through stock rebalancing or price markdowns will be expensive. Different-styled apparel meant for the same customer; laptops with different specs but similar prices; or last year’s products from the same holiday season can all inform new product forecasts. Getting off on the right foot is critical.

Promotions 41

Promotions Markdowns Inventory Management Accounting 41

Retalon

FEBRUARY 12, 2021

If your predictions are inaccurate (or your assortment plan fails to reflect consumer demand) — you’ll be facing out-of-stocks, markdowns, and unhappy customers all year. But if you manage to predict consumer demand accurately and plan your assortment accordingly — you’ll rake in the profits. This is easier said than done.

Planning 41

Planning Accounting Markdowns Store Layout 41

Retalon

SEPTEMBER 11, 2020

Customers’ constantly-shifting color preferences will influence the demand for apparel. Apparel retailers also need to understand optimal size distributions for fashion products. Managing this complexity is the ultimate weakness of traditional demand forecasting.

Payment Services 41

Payment Services Promotions Accounting Fulfillment 41

Retalon

DECEMBER 8, 2021

This includes everything from purchasing inventory to returns management. Purchase order management is often the first stumbling block to a smooth fulfillment process. Many cope by using generalized approaches for allocation like category-level inventory management. The fact is that no two locations have the same product demand.

Merchant Services 41

Merchant Services Fulfillment Drop-Shipping Shipping 41

Retalon

OCTOBER 8, 2020

But getting the biggest return on that investment, especially in today’s tough retail environment, requires a more nuanced, data-driven approach to inventory management than most retailers are used to. The way you manage the inventory investments for your stores, warehouses, and distribution centers determines your success as a retailer.

Markdowns 41

Markdowns Inventory Management Promotions Planning 41

Retail Prophet

JULY 18, 2022

McClean had managed to reduce the cost of loading and unloading cargo from $5.83 The result is slow turns, deep markdowns, write-offs, and heaps of dead stock in warehouses, much of which eventually becomes landfill. The myopic focus on low price has lead to an epidemic of markdowns and dead stock. per ton to just 16 cents.

Dead-Stock 59

Dead-Stock Shipping Merchant Services Markdowns 59